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Trump Weighs Hassett for Fed Chair Amid Concerns

8/20/2025

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Summary

Story summary

President Trump is contemplating Kevin Hassett as a candidate for the next Federal Reserve chair.
Hassett is currently ranked fourth in preference, with Kevin Warsh in the lead.
Experts are worried about the potential impact on Fed independence under Hassett.
Treasury Secretary Bessent states the selection process is open, but critics see it as pressure to reduce rates.

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Story summary

President Trump is contemplating Kevin Hassett as a candidate for the next Federal Reserve chair.
Hassett is currently ranked fourth in preference, with Kevin Warsh in the lead.
Experts are worried about the potential impact on Fed independence under Hassett.
Treasury Secretary Bessent states the selection process is open, but critics see it as pressure to reduce rates.